Venture capitalists: There are probably fewer than 20 VCs still investing in seed rounds in the industry.

ME News Report, April 13 (UTC+8), Varys Capital’s venture investment director Tom Dunleavy posted on X stating that the funding environment in the cryptocurrency market has changed dramatically over the past six months. In the past, VCs wanting to invest in good projects had to constantly do networking, create content, appear on podcasts, participate in Space, promote their investment logic, and make countless calls every week… but now, as long as there is money to deploy, that’s enough. Projects are now “pushed to VCs,” rather than VCs actively seeking them out; as long as others know you have funds, projects will come to you proactively. Most VC firms are currently in one of three states: out of money, shifting to later stages (Series A and beyond), or fundraising (but not smoothly). Fundraising that used to be completed in 2-3 weeks now often drags on for 2-3 months. Projects with questionable business models or simply copying the latest trending narratives no longer receive new funding or follow-on investments (which is a good thing). Currently, fewer than 20 institutions are still actively investing in pre-seed / seed rounds in reality. VCs can basically choose the projects they want to invest in with ease and have more time for due diligence. The investment cycle in 2025 and 2026 could very well become a historic “golden opportunity,” but only if VCs can stick around. (Source: ODaily)